Application of Balanced Scorecard in the Enterprise Performance Evaluation

DOI

10.2991/icpel-16.2016.23How to use a DOI?

Keywords

Non-financial Indicators, Balanced Scorecard, Enterprise Performance Evaluation, Jinan Iron and Steel Co.

Abstract

The present study is designed to describe the application of Balanced Scorecard in Jinan Iron and Steel Company. Performance evaluation system is constituted by the financial quantitative performance evaluation and management performance qualitative evaluation. Balanced Scorecard is Integration of Non-financial indicators and financial indicators. Balanced Scorecard implements process: strategy being taken into action; Communication and exchanging and incentives linked. Balanced Scorecard implements process in Jinan Iron and Steel Co. includes the level of corporate finance; the level of corporate customers; the level of internal business processes and levels of corporate learning and innovation. The level of corporate customers can be divided into the consolidation of market share; the rate of high-quality project; customer satisfaction; supplier Satisfaction. The other three can be also refined into a plurality of non-financial indicators. We show that the use of the Balanced Scorecard improves the profitability and operational capability of Jinan Iron and Steel.

Copyright

© 2016, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Huiping Huang
AU  - Huimin Huang
PY  - 2016/05
DA  - 2016/05
TI  - Application of Balanced Scorecard in the Enterprise Performance Evaluation
BT  - Proceedings of the 2016 International Conference on Politics, Economics and Law (ICPEL 2016)
PB  - Atlantis Press
SP  - 97
EP  - 100
SN  - 2352-5398
UR  - https://doi.org/10.2991/icpel-16.2016.23
DO  - 10.2991/icpel-16.2016.23
ID  - Huang2016/05
ER  -